Burning Glass Technologies announced the general release of Program Insight™, a new real-time labor data tool that allows learning providers to assess the employer demand for a proposed program within minutes.
With student debt at record levels, parents, students, and other stakeholders are putting increasing pressure on higher education and learning providers to ensure that their programs align with the job market and provide the skills employers need.
Program Insight empowers educators to respond by providing a step-by-step process to compare current and proposed program strategy with local market demand, drawing on labor market information that was previously available only through extensive research or expensive consultants.
"Now more than ever, higher education is judged by its ability to prepare graduates for the job market," said Matthew Sigelman, CEO of Burning Glass Technologies. "Program Insight provides the data institutions need to align programs with real-time information on skills in demand. That crucial insight allows traditional and nontraditional learning providers to keep up with what employers really need."
Program Insight is driven by the Burning Glass database of nearly 700 million job postings, collected from more than 40,000 online sources daily. The database engine provides insight into what employers need much faster and in more detail than other sources of labor information. The product also incorporates many other sources of educational and job data, including government and IPEDs data, to provide a one-stop research tool for program development.
The product is part of Burning Glass Technologies' Education Solution suite, a series of software products that helps institutions uncover their unique value when creating programs and engaging students. The suite includes Program Insight, Labor Insight, and Job Pulse. In addition, Burning Glass research also draws on the labor market information provided within these products and is regularly cited by the Federal Reserve, the Brookings Institution, Harvard Business School, and a wide range of corporate and educational clients.
For more information about Program Insight, click here or visit us at the ASU-GSV Summit, May 8-10 in Salt Lake City, in the Imperial Ballroom hallway next to the social media wall.
Source: Burning Glass